J. Safra Sarasin Holding AG Decreases Position in The PNC Financial Services Group, Inc $PNC

Key Points

• J. Safra Sarasin Holding AG has reduced its stake in The PNC Financial Services Group by 5.5%, now holding 221,828 shares valued at approximately $41.35 million.
• Recent analyst reports have raised price targets for PNC, with Morgan Stanley increasing theirs from $186.00 to $206.00, while Evercore ISI and Citigroup set targets at $230.00.
• The PNC Financial Services Group reported earnings of $3.85 per share, exceeding estimates, with a net margin of 18.33% and plans for Q3 2025 guidance.

J. Safra Sarasin Holding AG lessened its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221,828 shares of the financial services provider's stock after selling 12,864 shares during the period. J. Safra Sarasin Holding AG owned 0.06% of The PNC Financial Services Group worth $41,353,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PNC. Ignite Planners LLC boosted its stake in shares of The PNC Financial Services Group by 8.4% during the 1st quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider's stock worth $262,000 after purchasing an additional 126 shares during the last quarter. Exane Asset Management grew its stake in The PNC Financial Services Group by 32.9% in the 1st quarter. Exane Asset Management now owns 149,783 shares of the financial services provider's stock worth $28,434,000 after acquiring an additional 37,110 shares during the period. Smith Salley Wealth Management grew its stake in The PNC Financial Services Group by 15.6% in the 1st quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider's stock worth $12,804,000 after acquiring an additional 9,836 shares during the period. United Community Bank raised its holdings in The PNC Financial Services Group by 687.0% in the 1st quarter. United Community Bank now owns 12,325 shares of the financial services provider's stock valued at $2,166,000 after acquiring an additional 10,759 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of The PNC Financial Services Group by 4.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider's stock worth $493,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 83.53% of the company's stock.

Analyst Ratings Changes

PNC has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on The PNC Financial Services Group from $186.00 to $206.00 and gave the company an "underweight" rating in a research report on Monday. The Goldman Sachs Group lifted their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and increased their price objective for the stock from $185.00 to $212.00 in a report on Wednesday, July 9th. Evercore ISI raised their target price on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Citigroup boosted their target price on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of "Moderate Buy" and an average price target of $216.56.

The PNC Financial Services Group Price Performance

PNC opened at $198.64 on Thursday. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The company has a 50 day moving average of $198.58 and a two-hundred day moving average of $182.62. The company has a market cap of $78.23 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.48 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. During the same period in the prior year, the company earned $3.39 EPS. The firm's revenue was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.

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